Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

At approximately 8 a.m. today, a chemical release occurred at MGP Ingredients’ (Nasdaq: MGPI) plant in Atchison, Kansas. The reaction resulted in emissions venting into the air. As of 11 a.m., based on observations by local officials, the emissions had dispersed. Local officials reported some injuries, mostly respiratory issues, following the release.

MGP Ingredients has reported the event to the EPA and Kansas and local authorities, and is cooperating fully to investigate and ensure that all appropriate response actions are taken. MGP has also engaged outside experts to assist the investigation and response.

There was no significant damage to its Atchison plant as a result of this incident. No other MGP facilities, including its distillery in Lawrenceburg, Indiana, are affected by this incident.